Want to be in the loop?
DONG NAI WANTS TO TRANSFORM BIEN HOA 1 INDUSTRIAL PARK INTO SMART CITY
Dong Nai People’s Committee has proposed repurposing 324 hectares of land at Bien Hoa 1 industrial park – the oldest IP in Vietnam – to build a smart urban area in its place.
The province has submitted a document to the government proposing the removal of Bien Hoa 1 industrial park (IP) from the national IP planning, according to a report by Dong Nai Newspaper.
Removing it from the planning would be the first step to changing the IP's function.
According to the province’s plans, after companies relocate from the IP, the province will be able to call for new investors to develop a smart complex of urban residences, shopping, and provincial administration.
The plan to change the land use purpose of Bien Hoa 1 IP has been delayed for 10 years now because parties failed to negotiate a roadmap for compensation. The initial plan, under which the province was to shut down the IP by 2020, has failed after complications in administrative procedures. The province estimated that it may take VND15 trillion ($652.17 million) to switch the function of the IP.
Bien Hoa 1 IP was established in 1963. At present, 82 enterprises are operating in the IP, 21 of whom will have their land rental license expire by 2051 and five whose licence will be over by 2021. Besides, 14 enterprises stopped operations and are leasing out their land areas.
Dong Nai is home to 1,804 foreign-invested projects worth nearly $33 billion from 45 countries and territories, with the Republic of Korea, Taiwan (China), and Japan ranking as the top investors. The occupancy rate at local industrial zones has reached 81 per cent, with only 1,300 hectares of space remaining available for lease.
Vietnam’s GDP growth is forecast at 3.1% in 2020 before rebounding to 7% next year, while ASEAN+3 growth is predicted to sink to 0% in 2020, according to the ASEAN+3 Macroeconomic Research Office (AMRO).
1. Measurement equipment supply2. Nitrogen bottle packages supply3. Electronic components supply4. Electric and electronic materials supply5. Isolator, insulator, accessories supply----and more news
1. Banks weigh up options through exchange shake-up 2. Lower interest rates not a good thing for equity market 3. Vietnam bucking the trend in foreign direct investment 4. Webinar explores longan export opportunities 5. Trade ministry explains same price for electricity consumption ----and more news
Perfect for any occasions from family gathering to birthday or anniversary, our newly crafted Family Set Menu is a great choice for your family special celebrations.
1. Over 6.2 trillion VND mobilised from G-bonds 2. New rule, portal developed for corporate bond market 3. Interest rate not the most important factor when buying bonds 4. Vietnam July trade surplus widens to $2.8 billioncustoms 5. MoIT consider single pricing model for power tariff ----and more news
1. Equipment and materials supply2. Dissociation wings supply-bid extend3. Equipment and materials supply4. Cubicle, underground cable supply5. Components and materials supply----and more news